Hot Pursuit     02-Feb-22
Alkyl Amines tumbles after Q3 PAT drops 46% YoY to Rs 46 cr
Alkyl Amines Chemicals fell 3.59% to Rs 3242.35 after the company's net profit declined 45.70% to Rs 45.88 crore on 16.30% increase in revenue from operations to Rs 376.66 crore in Q3 December 2021 over Q3 December 2020.
Profit before tax fell 46.24% to Rs 62.26 crore in Q3 December 2021 over Q3 December 2020.

EBITDA fell 46% year-on-year to Rs 66.6 crore in Q3 FY22. EBITDA margin stood at 17.7% in Q3 FY22, lower than 21.6% in Q2 FY22 and 38% in Q3 FY21.

Total expenses jumped 52.09% to Rs 318.97 crore with cost of materials consumed soaring 71.12% to Rs 218.54 crore during the period under review.

In the past one year, the stock has soared 57.29% while the benchmark Sensex has added 19.58% during the same period.

On the technical front, the stock's RSI (relative strength index) stood at 63.06. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day simple moving average (SMA) placed at 3384.78. However, it was below its 100-day and 200-day SMA placed at 3515.56 and 3527.44, respectively.

Alkyl Amines Chemicals is in the business of manufacturing and marketing various aliphatic amines, amine derivatives and other speciality chemicals.

Previous News
  Alkyl Amines Chemicals standalone net profit declines 39.22% in the June 2023 quarter
 ( Results - Announcements 07-Aug-23   13:44 )
  Alkyl Amines Chemicals standalone net profit declines 0.39% in the December 2022 quarter
 ( Results - Announcements 09-Feb-23   13:56 )
  Alkyl Amines Chemicals allots 9,637 equity shares under ESOP
 ( Corporate News - 14-Jun-24   14:25 )
  Board of Alkyl Amines Chemicals appoints director
 ( Corporate News - 09-May-24   13:48 )
  Alkyl Amines Chemicals fixes record date for dividend
 ( Market Beat - Reports 23-Jun-22   19:33 )
  Alkyl Amines Chemicals standalone net profit rises 98.59% in the June 2019 quarter
 ( Results - Announcements 06-Aug-19   17:33 )
  Alkyl Amines Chemicals to convene AGM
 ( Corporate News - 01-Jun-23   10:31 )
  Board of Alkyl Amines Chemicals recommends final dividend
 ( Corporate News - 11-May-23   19:38 )
  Alkyl Amines Chemicals to announce Quarterly Result
 ( Corporate News - 02-May-22   18:14 )
  Alkyl Amines Chemicals schedules board meeting
 ( Corporate News - 13-Jul-22   10:03 )
  Alkyl Amines reports Q3 PAT at Rs 46 cr
 ( Hot Pursuit - 09-Feb-23   14:24 )
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